abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) Short Interest Update

abrdn Physical Palladium Shares ETF (NYSEARCA:PALL) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 380,336 shares, a drop of 36.0% from the January 29th total of 594,160 shares. Currently, 4.8% of the shares of the stock are short sold. Based on an average trading volume of 499,968 shares, the short-interest ratio is currently 0.8 days. Based on an average trading volume of 499,968 shares, the short-interest ratio is currently 0.8 days. Currently, 4.8% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Noble Wealth Management PBC acquired a new stake in abrdn Physical Palladium Shares ETF during the 4th quarter worth approximately $29,000. PNC Financial Services Group Inc. lifted its holdings in shares of abrdn Physical Palladium Shares ETF by 2,437.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 203 shares of the exchange traded fund’s stock worth $30,000 after purchasing an additional 195 shares during the period. Spire Wealth Management bought a new stake in shares of abrdn Physical Palladium Shares ETF in the fourth quarter worth $31,000. Quaker Wealth Management LLC acquired a new stake in abrdn Physical Palladium Shares ETF in the fourth quarter valued at $35,000. Finally, Harbour Investments Inc. increased its holdings in abrdn Physical Palladium Shares ETF by 238.0% in the fourth quarter. Harbour Investments Inc. now owns 240 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 169 shares during the period. Institutional investors and hedge funds own 23.28% of the company’s stock.

abrdn Physical Palladium Shares ETF Stock Performance

abrdn Physical Palladium Shares ETF stock traded down $0.04 during midday trading on Friday, reaching $162.39. The company’s stock had a trading volume of 220,368 shares, compared to its average volume of 616,042. abrdn Physical Palladium Shares ETF has a 52 week low of $82.39 and a 52 week high of $197.41. The business has a 50-day moving average price of $161.58 and a 200-day moving average price of $135.79.

abrdn Physical Palladium Shares ETF Company Profile

ETFS Physical Palladium Shares (the Fund) is designed to offer investors a simple, cost-efficient and secure way to access the precious metals market. The Fund focuses on providing investors with a return equivalent to movements in the palladium spot price less fees. The Fund is issued by ETFS Palladium Trust (the Trust). The Fund’s sponsor is ETF Securities USA LLC, which is a wholly owned subsidiary of ETF Securities Ltd.